The
Ajman economy has been, since ancient
times, relying on fishing and trade,
which helped enable Ajman to enjoy
a distinctive status among the other
Emirates. Ajman has witnessed in recent
years rapid economic development and
numerous construction projects have
been complete & Commercial and
industrial activities have recorded
remarkable growth with the ushering
of Ajman into an era of heavy industry.
In view of these economic achievements,
completion of the infrastructure,
Ajman witnessed drastic changes. Nowadays
the Emirate is self-reliant on its
own resources in a number of food
items and industrial products as well
as exporting some of its manufactured
products abroad. Ajman is established
itself as a business center attracting
investors, whether local, Arab or
foreigners.
Ajman
provides many incentives and advantages
which have contributed in activating
and promoting industrialization
in particular and various business
sectors in general. Among the advantages
enjoyed by Ajman is its central
position to the other cities of
the UAE, the relatively Lower rents
of real estate and land, together
with the numerous benefits of a
Free Zone, in addition to a well
planned new industrial area which
has been provided with all the services
and utilities to accommodate various
industrial and business activities.
All the above advantages and incentives
have effectively helped in encouraging
businessmen and investors from various
parts of the world to identify Ajman
as an ideal base for their projects,
leading consequently to a marked
growth in the various economic sectors
in the last few years.
The
sagacious directives of His Highness
Shaikh Humaid bin Rashid Al Nuaimi,
member of the Supreme Council and
Ruler of Ajman and his keenness
to instruct the competent bodies
to remove all obstacles hindering
business activities paved the way
for realization of remarkable achievements
on the economic front. Thus within
a short span of time Ajman has emerged
as a modern city equipped with principal
public utilities. Despite the modernization
efforts Ajman has preserved its
ancient traditional character, becoming
a city combining technological achievements
of modern times and the cultural
wealth of bygone years.
